Philanthropies Foundatio Price Sells 10,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) major shareholder Philanthropies Foundatio Price sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.90, for a total transaction of $639,000.00. Following the completion of the sale, the insider now owns 4,318,557 shares of the company’s stock, valued at approximately $275,955,792.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Philanthropies Foundatio Price also recently made the following trade(s):

  • On Tuesday, September 3rd, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The shares were sold at an average price of $58.64, for a total transaction of $586,400.00.
  • On Thursday, August 1st, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The shares were sold at an average price of $59.48, for a total transaction of $594,800.00.
  • On Monday, July 15th, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The shares were sold at an average price of $60.78, for a total transaction of $607,800.00.
  • On Monday, July 1st, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The shares were sold at an average price of $51.04, for a total transaction of $510,400.00.

Shares of NASDAQ PSMT traded down $0.47 during midday trading on Tuesday, reaching $63.56. 50,700 shares of the stock were exchanged, compared to its average volume of 154,491. The company has a 50 day simple moving average of $59.81 and a 200 day simple moving average of $58.00. The stock has a market capitalization of $1.99 billion, a P/E ratio of 26.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.45 and a current ratio of 1.28. PriceSmart, Inc. has a twelve month low of $48.06 and a twelve month high of $86.35.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Wednesday, July 10th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.13. The business had revenue of $788.56 million during the quarter, compared to the consensus estimate of $792.96 million. PriceSmart had a net margin of 2.23% and a return on equity of 11.19%. The business’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS.

PSMT has been the subject of a number of recent research reports. Scotiabank upgraded shares of PriceSmart from a “sector perform” rating to a “sector outperform” rating and set a $61.70 price objective for the company in a report on Wednesday, July 17th. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Saturday, August 24th. Finally, ValuEngine upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in shares of PriceSmart during the 2nd quarter worth approximately $26,000. Private Capital Group LLC boosted its position in shares of PriceSmart by 142.5% during the 2nd quarter. Private Capital Group LLC now owns 308 shares of the company’s stock worth $28,000 after purchasing an additional 181 shares during the period. Quantamental Technologies LLC boosted its position in shares of PriceSmart by 39,000.0% during the 2nd quarter. Quantamental Technologies LLC now owns 1,173 shares of the company’s stock worth $60,000 after purchasing an additional 1,170 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of PriceSmart by 112.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,282 shares of the company’s stock worth $66,000 after purchasing an additional 679 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of PriceSmart by 10.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,103 shares of the company’s stock worth $108,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 72.50% of the company’s stock.

About PriceSmart

PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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